It is the world's tallest bronze freestanding sculpture grouping.[1] Every year on 31 July on Warriors' Day, the Yang di-Pertuan Agong, the Prime Minister and heads of military and the police pay their respects to the fallen heroes by laying garlands at the monument.

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The predecessor of the National Monument is an interwar-era cenotaph originally erected by the colonial British administration on a 10m flat grass-covered ground on a roundabout adjoining Victory Avenue (now part of Jalan Sultan Hishamuddin) and Raja Road, close to the Kuala Lumpur Railway Station and Railway Administration Building. Originally intended to commemorate World War I (1914–1918) and honour its war dead, the cenotaph's inscription would later include fallen soldiers of World War II (1939–1945) after the conclusion of World War II and resumption of British rule. Names of the fallen are engraved on the plaques of the cenotaph as a token of tribute to their sacrifices.

In 1964, the cenotaph was moved from its original location to the site of the National Monument in Lake Gardens before a planned flyover connecting Jalan Sultan Hishamuddin and the Parliament roundabout was constructed over the original site. Transfer of the cenotaph was made possible by dismantling the structure into catalogued parts, allowing the structure to be transported in pieces and reassembled in its original form at the National Monument. Following its move, inscriptions were added to include fallen soldiers from the Malayan Emergency (1948–1960) and an archaic Malay translation of "To Our Glorious Dead", "Untok Mengingati Jasa Pahlawan-pahlawan Yang Gugor" ("To Remember the Service of Warriors Who Have Fallen").

The National Monument was completed and officially opened on 8 February 1966, by Ismail Nasiruddin of Terengganu, then Yang di-Pertuan Agong. It was proclaimed a memorial park dedicated to the 11,000 people who died during the 12-year Malayan Emergency (1948–1960). Thereafter, a wreath-laying ceremony takes place at the monument every 31 July on Warriors Day. De Weldon was later conferred with the title Tan Sri, the Malaysian equivalent of a high-ranking knighthood.

On 27 August 1975, the monument suffered extensive damage due to an explosion set off by a communist terrorist. It has since been restored to its original state with the renovated statues unveiled on 11 May 1977. A fence was then erected and the complex was declared a protected area between sunset and dawn. Every day at dawn, a soldier raises the national flag and lowers it at dusk.

Although Warriors' Day commemoration services are no longer officially held at the National Monument, Remembrance Day ceremonies continue to take place there. Pictured is Remembrance Sunday at the National Monument's cenotaph on 13 November 2011.

Minister in the Prime Minister's Department Jamil Khir Baharom has stated that from 2010, the Warriors' Day commemoration service would be held elsewhere after Malaysia's National Fatwa Council guidelines declared the statues "un-Islamic" and potentially idolatrous. Defence Minister Zahid Hamidi added that a new "Warrior's Square" would be built in the country's administrative capital Putrajaya. When asked why the decision was made only after almost four decades of celebrating Warriors' Day at the present site, Jamil evaded comment, saying "Alhamdulillah, we are serious in solving this issue".[2]

Commissioned in 1963 and constructed in 1966, the sculpture that stands as a centrepiece of the monument is 15 meters (49.21 feet) tall, made of bronze and was designed by Austrian sculptor Felix de Weldon, who was also responsible for the Marine Corps War Memorial in Virginia, United States.

The sculpture depicts a group of soldiers, with two slumped at the base and one holding the Malaysian national flag aloft. Each of the bronze figures symbolises leadership, suffering, unity, vigilance, strength, courage and sacrifice. The stones that the soldiers are standing on was imported from the small coastal city Karlshamn in South Eastern Sweden.

The granite base of the sculpture bears the Malayan Coat of Arms, flanked on either side by inscriptions in English in Latin script and Malay in Jawi script:

Jalan Tugu, originally known as Cenotaph Road, refers to a road which was laid out following the completion of the cenotaph and adjoins the original cenotaph roundabout. The road was renamed to a direct Malay translation of the English name following a street renaming campaign during the 1960s, and continues to carry this name, as of 2013. The road runs parallel to the Kuala Lumpur Railway Station, and is located opposite the Railway Administration Building and National Mosque.